English translation of the Loan between Tianjin Daqiuzhuang Metal Sheet Co., Ltd.to and Yang Pu Automotive Investment Limited) Loan Agreement
Exhibit
10.5
(English
translation of the Loan between Tianjin Daqiuzhuang Metal Sheet Co., Xxx.xx
and
Yang Pu Automotive Investment Limited)
Loan
Agreement
Party
A:
Tianjin Daqiuzhuang Metal Sheet Co., Ltd.
Party
B:
Yangpu Capital Automotive Investment Limited
On
Nov.
15, 2005, Party B borrowed RMB24 million from Party A for business needs. The
loan term shall be one year and the annual interest is calculated at 7%. Upon
maturity of the loan term, Party B shall pay the principal sum to Party A.
IN
WITNESS WHEREOF, the Parties hereto have caused this agreement to be duly
executed as of the date set forth below.
Party
A
Tianjin
Daqiuzhuang Metal Sheet Co., Ltd. (Stamp)
Dated
Nov. 15, 2005
Party
B
Yangpu
Capital Automotive Investment Limited (Stamp)
Dated
Nov. 15, 2005
